PUBLIC NOTIFICATION SALE UNDER MARKET VALUE
Landrex Inc. and Fournier Place Residential Subdivision
Public Notice is hereby given pursuant to sections 70 and 606 of the Municipal Government Act, R.S.A. 2000, c.M-26, of a proposed Resolution respecting the sale of lands for less than market value.
The Town of Slave Lake has proposed to enter into an agreement with Landrex Inc. regarding the development and construction of ten (10) single family homes within the Fournier Place residential subdivision located at 6 Avenue SW. The Town shall transfer title of the lands to Landrex for $1.00 in exchange for Landrex bearing the full cost of the building and undertaking the total development activity of constructing and selling of the homes.
From the subsequent sale of the new homes, Landrex will be repaid for their project costs plus a management fee in the amount of Twelve (12%) percent with the remaining net sale proceeds being divided equally between the Town and Landrex. There is potential for more lots to be added based on the success of the development.
The proposed resolution was made at the Council Meeting held on May 16, 2023, at 7:00 pm.
A copy of the proposed Resolution is available for inspection at the Town of Slave Lake’s Office located at 10 Main Street SW, Slave Lake, AB T0G 2A4.
Anyone wishing to file a petition regarding the proposed Resolution must do so in compliance with the requirements contained in sections 222 – 226 and 231 of the Municipal Government Act, R.S.A. 2000, c.M-26, which include (but is not limited to) the following:
A petition must be filed with the Chief Administrative Officer of the Town of Slave Lake within sixty (60) days after the last date on which the proposed Resolution is advertised;
Only electors of the Town of Slave Lake are eligible to be petitioners;
The petition must be signed by electors of the Town of Slave Lake equal in number to at least 10% of the population;
Each page of the petition must contain an identical statement of purpose of the petition, the petitioner's printed surname, given name and signature, the street address of the petitioner or the legal description of the land on which the petitioner lives, and the date on which the petitioner signs the petition. An adult witness to the signature of each petitioner must sign opposite the petitioner's signature and swear an affidavit that the petitioner is entitled to sign the petition. The petition should also attach a signed statement of a person who states to be the representative of the petitioners and whom the municipality may direct inquiries about the petition.
For more details, copies of the Agreement, are available at the Town office. For further information contact Jeff Simpson, Chief Administrative Officer at 780-849-8035 or cao@slavelake.ca.
Written submissions, please mail or deliver to:
Town of Slave Lake
Box 1030, 10 Main Street SW
Slave Lake, AB
T0G 2A0